Bucyrus sees Chinese joint venture on horizon

  • 19-Jun-2008 09:16 EDT

Bucyrus and Huainan Mining Industry (Group) Co., Ltd. have established the basis for the potential creation of a joint venture in the Huainan mining area of Anhui province, China. The preliminary agreement contemplates Bucyrus owning a controlling interest in a joint venture that would involve the building of a new manufacturing facility in the Huainan mining area that would initially manufacture belt systems and armored face conveyors for resale to Huainan Mining, as well as to other third parties in China and elsewhere. The joint venture could manufacture and sell additional underground mining equipment as well. The parties believe that initial equipment manufacturing and sales by the joint venture could begin within nine months of final completion of the proposed joint venture.

HTML for Linking to Page
Page URL
Rate It
0.00 Avg. Rating

Read More Articles On

With a rich technical background from which to draw as SAE International's new 2017-2020 Commercial Vehicle Sector VP, Landon Sproull intends to bolster the society’s involvement in evolving industry regulations and to better cultivate cross-sector alliances.
Stringent fuel-efficiency and criteria-pollutant standards call for new combustion strategies. The Advanced Combustion Catalyst and Aftertreatment Technologies consortium led by Southwest Research Institute reinvents existing technologies and experiments with new catalysts to meet standards.
Performance, reliability, and safety assessments performed using predictive capability for electromechanical systems are on the rise, yet no standard exists in the truck and off-highway engineering design industry for representing the degree to which a model has been validated. Such a standard can enable engineers and managers with a tool to assess the maturity of predictive capability itself.
Connectivity, automation and electrification: Three inexorable trends that will largely drive on- and off-highway vehicle developments in the coming years, according to industry experts presenting keynotes at the revamped 2017 SAE COMVEC event. And with greater connectivity comes greater cyber concerns, they warn.

Related Items

Training / Education
Training / Education
Technical Paper / Journal Article
Technical Paper / Journal Article
Training / Education